Thinkific Labs, Inc. (TSE:THNC) has released an update.
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Thinkific Labs Inc. has launched a buyback program to purchase up to C$47.83 million of its subordinate voting shares at a 5% premium to their recent closing price, demonstrating the company’s confidence and its commitment to utilizing its substantial cash reserves for shareholder value enhancement. The offer is unconditional regarding the minimum shares tendered but subject to other terms, and will prioritize ‘odd lot’ holders to avoid pro-ration. This strategic move aims to drive long-term growth while providing immediate shareholder benefits.
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